Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
Saudi Arabia's powerful crown prince is widely expected to drum up investment capital during the New York City leg of his U.S. visit, and he appears to be starting with an old investment partner.
The Saudi press agency on Monday tweeted a photo of Mohammed bin Salman and Masayoshi Son, the CEO and chairman of Japanese tech investment giant Softbank. Prince Mohammed and Masayoshi are "looking for a number of investment opportunities," according to the tweet, which was hashtagged #CrownPrinceinNYC.
The Saudi Press Agency did not immediately return a request for confirmation that the meeting took place on Monday.
Saudi Arabia's sovereign wealth fund is one of the primary investors in Softbank's roughly $100 billion Vision Fund, which is focused on funding technology ventures, including Uber and Indian e-commerce site Flipkart.
Softbank intends to invest as much as $25 billion in the kingdom in the next few years, Bloomberg reported in November. Much of that money will go towards a new tech-focused city called NEOM announced by Prince Mohammed during an investment summit last fall, according to Bloomberg.
Fresh from visits to Washington and Boston, Prince Mohammed is now in New York City, where he will attend a CEO Summit on Tuesday. The day's agenda includes a panel on Saudi Arabia's so-called "giga-projects" like NEOM.
The 32-year-old crown prince is spearheading Saudi Arabia's economic transformation, which aims to diversify the kingdom's oil-dependent economy.